{
  "url": "https://openlegislation.uk/residential-family-centres-wales-regulations-2003/regulation-24",
  "json_url": "https://openlegislation.uk/residential-family-centres-wales-regulations-2003/regulation-24.json",
  "legislation": "wsi/2003/781",
  "legislation_title": "The Residential Family Centres (Wales) Regulations 2003",
  "legislation_url": "https://openlegislation.uk/residential-family-centres-wales-regulations-2003",
  "path": "regulation/24",
  "kind": "regulation",
  "number": "24",
  "heading": "Financial position",
  "text": "(1) The registered person must carry on the residential family centre in such manner as is likely to ensure that it will be financially viable for the purpose of achieving the aims and objectives set out in the statement of purpose.\n(2) The registered person must provide the appropriate office of the National Assembly with such information and documents as it may require for the purpose of considering the financial viability of the residential family centre, including —\n(a) the annual accounts of the residential family centre certified by an accountant;\n(b) a reference from a bank expressing an opinion as to the registered provider’s financial standing;\n(c) information as to the financing and financial resources of the residential family centre;\n(d) where the registered provider is a company, information as to any of its associated companies;\n(e) a certificate of insurance for the registered provider in respect of liability which may be incurred by him or her in relation to the residential family centre in respect of death, injury, public liability, damage or other loss.\n(3) In this regulation a company is an associated company of another if one of them has control of the other or both are under the control of the same person.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2003/781/regulation/24",
    "retrieved_at": "2026-10-29T00:11:37.381086+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}